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Posted By: JimB

One other thought:
Regular T206s are not printed on white cardboard. There is a white base that is printed first on the whole card, right? If that is the case, I can imagine that in an early proof run they may have tried or considered only putting the white base on the inside-the-border portion. This would explain Frank's qualms.
JimB

P.S. I am not trying to be an apologist, just trying to think through all possibilities.